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....Persaud’s starting point is that Britain already has a financial transaction tax, and has had one for more than 300 years. It is called stamp duty, which is levied on the purchase of shares issued by British companies, and raises just over £3bn a year, half of it from citizens of other countries. ... [Read full article on Guardian ]
Sunday 23rd of July 2017 12:35:11 PM
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....Another option is to buy the property together, but this can backfire taxwise, he warns:. “If your name is on the property title it may be treated as a second home purchase, which means you incur the 3 per cent stamp duty surcharge, and may be liable to pay capital gains tax (CGT) on any sale profit. ... [Read full article on Daily Express ]
Sunday 23rd of July 2017 10:30:00 AM
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Latest Finance News related to Stamp Duty

While Hammond looks for a magic money tree, Labour has found one | Larry Elliott image
....Persaud’s starting point is that Britain already has a financial transaction tax, and has had one for more than 300 years. It is called stamp duty, which is levied on the purchase of shares issued by British companies, and raises just over £3bn a year, half of it from citizens of other countries. ...
Secure your worldly wealth: Tips to make sure you pass your wealth to the right person image
....Another option is to buy the property together, but this can backfire taxwise, he warns:. “If your name is on the property title it may be treated as a second home purchase, which means you incur the 3 per cent stamp duty surcharge, and may be liable to pay capital gains tax (CGT) on any sale profit. ...
REVEALED: The surprise area in Britain seeing bumper house price rises of 7.5% image
....6 per cent. Experts say the capital has been hardest hit by changes to stamp duty and buy-to-let tax changes. ...
UK house prices rise nearly 5% despite political turmoil image
Source : Guardian [Read Article] Tuesday 18th of July 2017 01:05:46 PM
....”. The number of homes sold in the UK slumped 41% year-on-year in March, largely because the March 2016 figure was boosted by buyers rushing to complete before stamp duty changes the following month, the ONS said. ...
UK growth will slow as consumer spending is squeezed, forecasts PwC image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:01:11 AM
....7% this year, with the previous property hot spot, London, receiving most of the backwash from the Brexit result. The London property market had been hit most by economic and policy uncertainty and the recent changes to stamp duty, the consultancy said. ...
Let buyers borrow more on greener homes, urges report image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:01:11 AM
.... Well-insulated homes would eventually sell more quickly and command a modest price premium. The idea is the latest in a string of mooted incentives to encourage people to insulate their homes and nudge buyers towards greener properties, such as a discount on stamp duty for energy efficient homes. ...
If home ownership continues to shrink, the retirement system is in trouble | Greg Jericho image
....Given it would be political death to include the family home in the assets test for the pension, this could lead to a double whammy in aged care/welfare spending of not just an ageing population but an ageing population that rents. The exclusion of the family home from the assets test, and the continual use of stamp duty as a state revenue measure, also leads to undersupply of housing as recently noted by Hal Pawson, the associate director of the City Futures Research Centre at the University of New South Wales. ...
What Brexit slowdown? UK housing market shrugs off concerns as property prices creep up image
....4 per cent. It should be noted, however, that the first six months of last year saw boosted numbers as buyers rushed to beat the April 2016 stamp duty deadline. ...
UK housing market shrugs off concerns of Brexit slowdown image
Source : Guardian [Read Article] Sunday 16th of July 2017 11:01:34 PM
....Meanwhile, cumulative sales agreed during 2017 are almost on a par with the same period in 2016, down by 0. 4%, even though the first six months of last year was boosted by the rush to beat the April 2016 stamp duty deadline, the survey added. ...
Is paying off the mortgage a better bet than saving? image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:00:00 AM
....To do this you need to know how much rent you could get each year and then subtract costs such as mortgage repayments (you’re unlikely to be able to buy a property outright), maintenance costs and possible agent’s fees. Divide this figure by your buying costs – including your cash deposit, legal fees and the higher rate of stamp duty land tax that you pay on buy-to-let properties – and multiply the result by 100 to get the percentage yield. ...
House price pick-up allays fears of property market crash image
Source : Daily Express [Read Article] Sunday 9th of July 2017 03:37:00 PM
....Simon Checkley, managing director at mortgage broker Private Finance, expects London prices to stay flat this year, with moderate growth elsewhere. He blames the slowdown on former chancellor George Osborne’s move to hike stamp duty on £1 million-plus properties, rather than economic fears: “This has dampened prices and incentives to move at the upper end of the market, resulting in a lack of supply at lower levels. ...
Brexit hitting house prices is A MYTH: THIS is the real issue, says top estate agent image
....The estate agent has seen home hunters from across Asia and the Middle East flocking to scoop up property amid the weaker pound, cancelling out a pause among European buyers. It is hefty stamp duty rates at the top end of the market that are in fact taking the wind out of home values, according to Mr Whittome. ...
UK house price fall takes annual growth rate to slowest in four years image
....“Although employment levels continue to rise, household finances face increasing pressure as consumer prices grow faster than wages,” he said. “This, combined with the new stamp duty on buy to let and second homes in 2016, appears to have weakened housing demand in recent months. ...
Hold the Shard-enfreude – a house price drop is not about to happen | Patrick Collinson image
.... In its most uncontrolled phase, buy-to-let speculators drove prices up sharply as their tax-advantaged money outbid traditional first-time buyers. But a welcome string of reforms – higher stamp duty, taxes and strict new affordability tests – have knocked the stuffing out of buy-to-let. ...
Trouble in the Dales as holiday homes become the new buy-to-let image
Source : Guardian [Read Article] Saturday 1st of July 2017 06:00:06 AM
.... And when you come to sell it you can qualify for a whole range of reliefs that mean any capital gains tax is minimised. About the only tax barrier for investors is the 3% additional stamp duty that applies to any second home purchase. ...
Should we use the London help-to-buy scheme to purchase a home? image
Source : Guardian [Read Article] Thursday 29th of June 2017 06:00:15 AM
....The minimum amount of cash you must put towards a help-to-buy purchase is 5% of the property price, but you don’t have to stick to the minimum or take out the maximum 40% equity loan. After allowing for the £20,000 in stamp duty that you would have to pay on a £600,000 property, plus around £2,000 in fees, and keeping some savings back for emergencies, you could, for example, put £60,000 down as a deposit (which would be 10% of the purchase price) and take out a smaller equity loan. ...
London house price growth slows as rest of UK bounces back image
Source : Guardian [Read Article] Wednesday 28th of June 2017 09:37:05 AM
....”. Gardner said a number of factors might explain the sharp slowdown in London, including a stretch in affordability and weaker demand for buy-to-let properties because of higher stamp duty charges. ...
Buy-to-let UK property sales fall by almost 50% in a year image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:45:48 PM
....”. Mark Harris, chief executive of mortgage broker SPF Private Clients, said it was no surprise that buy-to-let lending had been subdued, as the sector was still coming to terms with various changes, such as the reduction in mortgage interest tax relief, tougher lender criteria and the 3% hike in stamp duty that took effect in April 2016. ...
Will I be taxed if I sell my house, which I rented out, and buy a new one to live in? image
.... Would I be liable for any tax, doing this? TA. A If the house you end up buying costs more than £125,000, you will definitely have to pay stamp duty land tax (SDLT) and you can work out exactly how much using our handy SDLT calculator. ...
House sales have fallen by nearly a third in some parts of UK, says Lloyds image
. High prices and hefty stamp duty bills have resulted in a near one-third drop in house moves in some parts of the country over the past year, according to research by Lloyds Bank. ...
Why the political uncertainty won't shake house price foundations   image
Source : Daily Express [Read Article] Sunday 18th of June 2017 09:46:00 AM
....Taimur Khan, senior analyst at Knight Frank, says politicians have made more than 20 changes to property taxation, either direct or indirect, since 2010. “The latest example was in April 2016, when the Government levied a 3 per cent stamp duty surcharge on second home and investment purchases. ...
Tesco says price rises are last resort as UK growth hits seven-year high image
....63m he pocketed the previous year after Tesco failed to meet all of the targets linked to his bonus. The company’s annual report also revealed it had paid £142,000 in stamp duty and legal fees to help Lewis buy a house closer to its headquarters in Hertfordshire. ...
More than half of Morrisons investors rebel over executive pay image
Source : Guardian [Read Article] Thursday 15th of June 2017 06:21:25 PM
....63m in the previous year, after the retailer failed to hit all targets attached to his bonus. But Tesco’s annual report also revealed it had paid £142,000 in stamp duty and legal fees to help Lewis buy a house closer to its headquarters in Hertfordshire. ...
Duke of Westminster's property group to build 1,500 rental homes in London image
.... It recently reported a steep fall in returns on its British and Irish property portfolio, its worst UK performance since the financial crisis. It blamed Brexit and the increase in stamp duty on luxury properties. ...
House sales in Greater London slump by almost a third in a year image
Source : Guardian [Read Article] Monday 12th of June 2017 06:01:18 AM
. The number of homes changing hands in London slumped by almost a third year on year in the spring, as changes to stamp duty rates, high prices and Brexit uncertainty slowed the market. ...
Quarter of households in UK will rent privately by end of 2021, says report image
.... Tenants also pay hundreds of pounds in letting fees every time they move. Buy-to-let landlords have dominated the market in recent years, but in the past year the introduction of extra stamp duty on second homes and the curbing of mortgage interest reliefs have prompted a number of private landlords to sell up. ...
Election 2017: Hung parliament and coalition means more house prices turmoil, warn experts image
...."If there is one message that has come out of this election, it is that the young have voted overwhelmingly for change. "Politicians will have to consider the needs of the young more than they have in the past which could mean more help for first-time buyers, perhaps extending Help to Buy so that it covers older properties as well as new build, dealing with affordability issues and more help on stamp duty. ...
Will we pay higher stamp duty as my girlfriend has inherited property? image
.... We currently rent a one-bedroom flat and are in the process of purchasing a new-build property in Acton, west London. As the legal side of our new-build purchase has developed, we have been shocked to learn that we will have to pay the 3% stamp duty surcharge. ...
Further signs of UK property slowdown in April image
Source : BBC [Read Article] Tuesday 23rd of May 2017 10:32:02 AM
....But the figures are skewed by a series of tax changes this year and last. In April 2016, landlords became liable for a higher rate of stamp duty. ...
Buy-to-let slump after stamp duty change image
Source : BBC [Read Article] Wednesday 17th of May 2017 09:57:25 AM
. Mortgage activity in the UK buy-to-let sector has halved since the introduction of a stamp duty surcharge, figures show. ...
Is Labour's manifesto living in fantasy land? Quite the opposite | Larry Elliott image
.... The employers who whinge constantly about the poor quality of school leavers and graduates will be asked to contribute more to the education budget through higher corporation tax. Labour plans to broaden stamp duty to a wider range of financial instruments, including derivatives, which will raise £5bn and help lessen volatility. ...
How to build your grand design for a humble price image
Source : Guardian [Read Article] Sunday 14th of May 2017 06:00:08 AM
.... This means buyers work with a designer on the look, size, layout and features of the house, but without the hassle of finding land, getting planning permission and hiring reputable architects and builders. Buyers can save on build costs and don’t pay stamp duty, except on land worth more than £150,000. ...
May to appeal to low-paid voters with new social housing pledge image
Source : Guardian [Read Article] Saturday 13th of May 2017 09:00:05 PM
....Labour said it will extend the current tax of 0. 5% per transaction that is applied to ordinary shares through the stamp duty reserve tax. ...
Buy-to-let landlords suffering tax increases plan to raise rents  image
Source : Daily Express [Read Article] Saturday 13th of May 2017 05:27:00 PM
.... Buy-to-let owners have also been restricted for tax relief claims on wear and tear. Furthermore, second home buyers must now pay additional stamp duty. ...
Tesco boss's bonus cut despite first sales growth in seven years image
Source : Guardian [Read Article] Friday 12th of May 2017 07:21:20 AM
....6m in 2015-16. The annual report also revealed that Tesco paid £142,000 in stamp duty and legal fees to help Lewis buy a house closer to the company’s headquarters in Hertfordshire. ...
'Stagnant' buyer demand puts the brakes on UK housing market image
Source : Guardian [Read Article] Wednesday 10th of May 2017 11:01:33 PM
....The Rics members surveyed predicted that UK property price inflation would slow during the next three months, but despite this, they were anticipating that all parts of the country would see some growth in prices during the next 12 months. “Anecdotal evidence cites a lack of choice, uncertainty due to the calling of an early election, and the ramifications of stamp duty changes as factors hampering activity,” said the organisation. ...
London rents fall for first time since 2009 amid post-Brexit vote slowdown image
.... In a bid to kickstart sales, developers are offering ever more extravagant incentives to lure buyers. One developer in north London has promised a £150,000 payment to cover stamp duty, an £18,000 electric car and free iPads to buyers willing to part with £1. ...
Bank of Mum and Dad is a major financial player - but could it be about to go bust? image
....Barclays, Hinckley & Rugby, Metro Bank, and Bank of Ireland help by allowing parent and child to take out a mortgage in joint names. He adds: “The property title will only be in the child’s name, as otherwise the parent could be liable for a stamp duty surcharge and capital gains tax when the property is sold. ...
House price CRASH: Top London home values plunge lower in April image
Source : Daily Express [Read Article] Saturday 6th of May 2017 11:58:00 AM
....Between 2009 and 2013 price rises in wealthy London areas rocketed, hitting a peak in 2015. Experts blame changes to stamp duty for collapsing the top of the market, after an extra duty on sales of second homes was introduced last year. ...
Buy a home, get a car free: offers galore as London estate agents struggle to sell image
. London estate agents have begun to offer free cars worth £18,000, stamp duty subsidies of £150,000, plus free iPads and Sonos sound systems to kickstart sales in the capital’s increasingly moribund property market. ...
Parents '10th biggest mortgage lender' image
Source : BBC [Read Article] Tuesday 2nd of May 2017 09:52:41 AM
....When they found a property, their parents still helped them with thousands of pounds. "The real difficult hurdle was not necessarily the deposit, but the stamp duty, which is a huge cost," he said. ...
London rents fall sharply as monthly bill drops across UK image
Source : Guardian [Read Article] Friday 28th of April 2017 06:01:03 AM
....The figures broadly tally with data from Countrywide, the UK’s biggest estate and lettings agency, which said in March that rents in Britain recorded their first annual drop for six years. Countrywide said the buying frenzy ahead of the hike in stamp duty last year pushed up the supply of new homes for letting by 10%, but tenant demand has been falling, particularly in London, possibly as a result of Brexit. ...
As first-time buyers, can we take out a buy-to-let mortgage? image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:00:09 AM
.... Having looked on Rightmove, it seems that even in the expensive city of Oxford, there are plenty of two-bedroom houses for sale for less than £280,000. But wherever you choose to buy, you’ll also need to factor in the costs of buying such as legal fees, stamp duty and furnishing the property. ...
Santander chief warns on 'changeable' UK economy image
Source : BBC [Read Article] Wednesday 26th of April 2017 10:31:49 AM
....Santander UK's mortgage lending fell after withdrawing cheaper deals in the previous three-month period. First-quarter figures a year earlier were also flattered by a flurry of buy-to-let borrowers aiming to beat April's stamp duty increase for second homes. ...
Duke of Westminster's £12bn property firm hit by London slump image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:00:42 PM
.... It is the company’s worst UK performance since the 2008 financial crisis and follows six successive years of returns above 10%. Mark Preston, chief executive of Grosvenor Group, said Brexit and the increase in stamp duty on luxury properties had “greatly contributed to a slowdown in the London residential market” and warned that he expected returns this year to be “significantly weaker”. ...
Asking prices for homes rise to record average of £313,655 image
Source : Guardian [Read Article] Monday 24th of April 2017 06:00:04 AM
....Last year, the chancellor gave a year’s notice of phased reductions in tax benefits for buy-let-investors. First-time buyers appear to have been the main beneficiary, though a higher rate of stamp duty on second homes, which came into effect this month, also had the effect of spurring sales to people from purchasing an additional property. ...
Buy-to-let slump puts first-time buyers in the driver’s seat image
Source : Guardian [Read Article] Saturday 22nd of April 2017 05:59:06 AM
.... A double whammy of tighter Bank of England lending rules, which have forced banks and building societies to insist on greater rental cover and higher deposits, plus new taxes on rental income, has made buy-to-let far less financially attractive. Lending peaked in March 2016, as landlords rushed through purchases to avoid a 3% hike in stamp duty. ...
Record low rate signals mortgage battle image
Source : BBC [Read Article] Friday 21st of April 2017 09:48:53 AM
.... . The exception was a surge to 173,860 in March last year, ahead of the introduction of a 3% stamp duty surcharge on the purchase of any additional buy-to-let properties or second homes. ...
As newlyweds, what capital gains tax will we pay if we sell one of our flats? image
.... I was told by a friend that if we wanted to avoid capital gains tax (CGT) we would have to sell one of the flats in the first three years of getting hitched. I am thinking of selling my flat to buy a house but since we would still have his flat, would we have to pay second home stamp duty or does that come under the same three-year allowance?. ...
UK government vows strong action to rein in energy companies image
Source : Guardian [Read Article] Wednesday 19th of April 2017 12:25:24 PM
....The trade body that represents energy suppliers stepped into the debate by calling on the government to make energy efficiency a national priority. In a report on how to meet the UK’s 2030 carbon targets, Energy UK said ministers should fund a major insulation scheme through general taxation and encourage householders with grants, tax incentives and stamp duty rebates. ...
Mortgage tax relief cut doesn’t add up for buy-to-let landlords image
Source : Guardian [Read Article] Saturday 1st of April 2017 06:00:17 AM
....It’s not just landlord bodies that have expressed concern. In December Kate Barker, an influential economist, housing market expert and former member of the Bank of England’s monetary policy committee, told the Commons Treasury select committee that while she was generally supportive of the decision to increase stamp duty for people who were buying to let, she had more difficulty with the change to mortgage tax relief. ...
Five-minute guide to…The resurgence of first-time buyers image
Source : Daily Express [Read Article] Sunday 19th of March 2017 12:01:00 AM
....Amateur landlords now make up just 8 per cent of market activity, Connells says, as the Treasury’s tax onslaught on the sector squeezes profits. Second home buyers have to pay a 3 per cent stamp duty surcharge on purchases, while wear and tear allowances have also been squeezed. ...
Are these cashback deals  a carrot… or a costly stick? image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:00:32 AM
....In short, the advice is: do your research, take advice if necessary, and choose a deal based on whether it suits your financial needs and is competitively priced, rather than any “bribes” on offer. Mark Harris at mortgage broker SPF Private Clients, says cashback comes in all shapes and sizes – from fairly nominal amounts, to more sizeable sums, which could be a contribution towards – or completely offset – your stamp duty. ...
Housebuilder Berkeley shrugs off Brexit vote to hit profit targets image
....The London-focused developer also said inquiry levels remained "robust" and pricing continued to be "resilient". It said the market had been adversely affected by a number of factors apart from Brexit uncertainty, including changes to stamp duty, the challenges of securing planning permission and the demands to provide affordable housing. ...
Rents fall for first time in six years image
Source : BBC [Read Article] Monday 13th of March 2017 09:20:45 AM
....The drop has been due to a big recent increase in the supply of properties becoming available, mainly in London. That was due to some landlords rushing to buy last year before a 3% stamp duty surcharge came into effect. ...
UK average annual rents fall for first time in six years image
Source : Guardian [Read Article] Monday 13th of March 2017 06:00:24 AM
....In February, the average rent in Britain was £921 a month, £5 lower than a year earlier, and the first annual decrease since 2011. Countrywide, which compiled the figures, said the buying frenzy ahead of the hike in stamp duty last year pushed up the supply of new homes for letting by 10%. ...
Landlord tax: How to beat new buy-to-let charges coming in NEXT month  image
Source : Daily Express [Read Article] Friday 10th of March 2017 04:44:00 PM
....“With this Government’s recent track record in mind, we’d advise any landlords who have yet to incorporate to wait to see whether a consultation is launched in the Budget before making a decision. ”It comes after investors were last year hit with an extra three per cent in stamp duty on second properties. ...
Foxtons sees property sales plunge as Brexit vote hits image
Source : BBC [Read Article] Wednesday 8th of March 2017 08:06:35 AM
. Foxtons says revenue from property sales plunged 23% last year due to uncertainty following the Brexit vote as well as changes to stamp duty. ...
Reality Check image
Source : BBC [Read Article] Tuesday 7th of March 2017 01:31:56 AM
....The category of tax that has been rising strikingly and is mainly responsible for the increase next year is "other". That includes the new dividend tax regime, the increased insurance premium tax and a higher rate of stamp duty land tax for second homes. ...
Simplify the tax system and the ‘economy will be more efficient’ image
Source : Daily Express [Read Article] Monday 6th of March 2017 08:33:00 AM
. The body wants the Government to do away with capital gains tax, stamp duty, council tax, business rates and inheritance tax. ...
Buy-to-let landlords face huge tax increase from new law image
Source : Daily Express [Read Article] Sunday 5th of March 2017 12:01:00 AM
London loses out in business rates revamp image
Source : BBC [Read Article] Saturday 4th of March 2017 12:07:28 AM
.... . In the 2004-5 tax year London's taxes - including income tax, corporation tax and stamp duty - accounted for 25% of Britain's overall tax revenue. ...
House sellers 'should pay stamp duty' image
Source : BBC [Read Article] Thursday 2nd of March 2017 01:38:01 PM
....The rate steadily increases for more expensive properties. The stamp duty threshold was increased to £125,000 in 2006 to keep pace with house price inflation. ...
‘Buy for Uni’ mortgage turns students into landlords image
Source : Guardian [Read Article] Monday 27th of February 2017 09:28:35 AM
....Stamp duty One benefit is that the property will be in the child’s name. “That avoids any potential stamp duty land tax surcharge on the purchase of additional property, assuming that the parent already owns their own home,” explains Hollingworth. ...
London home movers drops to lowest level since 1991, mortgage figures show image
Source : Daily Express [Read Article] Wednesday 22nd of February 2017 04:38:00 PM
....". Some experts have said recent stamp duty changes, which made the tax cheaper for the majority of home buyers but more expensive for the purchase of top-end homes, have had a dampening effect on the London market. ...
UK house price growth at slowest rate in four years image
Source : Guardian [Read Article] Monday 20th of February 2017 07:01:30 AM
....”. Rightmove said the housing market was boosted in early 2016 by “frenzied” buy-to-let investors who rushed to complete transactions before new stamp duty rules were introduced in April, making this year look subdued by comparison. ...
A London penthouse for £60,000. No, not to buy – that's the weekly rent image
Source : Guardian [Read Article] Saturday 18th of February 2017 09:00:35 AM
....It may cost £60,000 a week to rent, but London’s most expensive flat does come with a butler, a choice of daily newspaper – and the use of an Aston Martin. The 448 sq metre art deco Park Lane penthouse is the costliest of a new breed of ultra-luxurious properties designed to cater for the global super-rich, who are choosing to rent rather than buy in London in order to avoid million pound-plus stamp duty bills. ...
Will we pay higher stamp duty on a buy-to-let property? image
Source : Guardian [Read Article] Thursday 16th of February 2017 11:10:19 AM
New double whammy to hurt prudent older savers image
Source : Daily Express [Read Article] Tuesday 14th of February 2017 10:29:00 PM
.... . New figures published yesterday by the Council of Mortgage Lenders showed that investors have been deterred by the 3 per cent stamp duty surcharge on second properties, introduced last April. ...
New mortgage helps buyers meet Stamp Duty costs  image
Source : Daily Express [Read Article] Tuesday 14th of February 2017 12:01:00 AM
. Barclays said its homebuyer cashback mortgage is designed to help first-time buyers or home movers recover the cost of stamp duty on their new property purchases. ...
Foreign billionaires in London choosing to rent to avoid stamp duty image
Source : Guardian [Read Article] Sunday 12th of February 2017 04:04:20 PM
.... Lettings that cost more than £3,000 a week – £156,000 a year – increased by 28% in the last three months of 2016, according to research by the property data service LonRes. The number of prime central lettings in the capital has risen steadily since the introduction in April 2016 of a 15% stamp duty tax on properties bought via offshore trusts, and a three percentage point surcharge on stamp duty on second homes. ...
Government willing to admit UK housing market is
Source : Daily Express [Read Article] Sunday 12th of February 2017 12:01:00 AM
.... That is even faster than the anticipated 20 per cent rise in house prices. The only positive news for first-time buyers is that competition from buy-to-let landlords is shrinking, as the recent 3 per cent stamp duty surcharge on second home purchases has been deterring new investors. ...
UK rents expected to rise faster than house prices in next five years image
Source : Guardian [Read Article] Thursday 9th of February 2017 12:01:07 AM
....Rics said there was a lack of new listings coming on to the lettings market for the fourth quarter in a row and its members expect this to worsen. The past few months have seen a number of buy-to-let investors sell up, including Britain’s biggest landlord, Fergus Wilson and his wife, Judith, who declared that the days of small buy-to-let landlords were numbered after the stamp duty increase last year and other tax changes, along with tougher mortgage rules. ...

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